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Titanium Dioxide Market Growth Over 2024 Will Be Usd 27.49 Billion
Titanium dioxide, also known as titanium(IV) oxide or Titania, is the naturally occurring oxide of titanium, chemical formula TiO2. When used as a pigment, it is called titanium white, Pigment White 6 (PW6), or CI 77891. Generally, it is sourced from ilmenite, rutile, and anatase. It has a wide range of applications, including paint, sunscreen, and food coloring. When used as a food coloring, it has E number E171. Titanium dioxide occurs in nature as the well-known minerals rutile, anatase and brookite, and additionally, as two high-pressure forms, a monoclinic baddeleyite-like form and an orthorhombic α-PbO2-like form, both found recently at the Ries crater in Bavaria. One of these is known as aragonite is an extremely rare mineral. It is mainly sourced from ilmenite ore. This is the most widespread form of titanium dioxide-bearing ore around the world. Rutile is the next most abundant and contains around 98% titanium dioxide in the ore. The metastable anatase and brookite phases convert irreversibly to the equilibrium rutile phase upon heating above temperatures in the range 600–800 °C.
Titanium dioxide has eight modifications – in addition to rutile, anatase, and brookite, three metastable phases can be produced synthetically (monoclinic, tetragonal and orthorhombic), and five high-pressure forms (α-PbO2-like, baddeleyite-like, cotunnite-like, orthorhombic OI, and cubic phases) also exist.
By Hexaresearch Report The global titanium dioxide market is expected to reach USD 27.49 billion by 2024 owing to the increasing demand for titanium dioxide in paper, paint & coating, cosmetics, and plastic industries. In 2014, DuPont titanium technologies started a manufacturing facility in Alamira, Mexico having a capacity of 200,000 tons/year which will help in fulfilling the demand worldwide.
Rising demand for lightweight automobiles is expected to play a vital role in the growth of global titanium dioxide market. Materials such as polycarbonates are used in the manufacturing of lightweight automotive which have low scratch resistance value. Also, the product is used in various industries such as chemical intermediates, fiber, technical titanium, inks for printer and rubber.
Keeping these driving factors in mind, companies are ramping up their production capacity. In 2015, PPG International entered in a partnership agreement with Henan Billions Chemicals Co. LTD. to set up a new manufacturing unit for titanium dioxide which is expected to produce 100,000 metric tons per year to expand its footprint in the Asia Pacific. Companies such as Argex Titanium are using unique patented CTL process which involves low-cost feedstock material and solvent extraction method to produce a high-quality product.
Also, companies are focusing on increasing the applications of titanium dioxide int water treatment using techniques such as photocatalysis, in which titanium dioxide is used to speed up the solar disinfection process.
Access full report or request for a free sample at: https://www.hexaresearch.com/research-report/bioplastic-packaging-market
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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